Business
Second Quarter and First Half 2016 Trading Update
Second Quarter and First Half 2016 Trading Update.
About this update from Pagegroup Plc
[{"type":"text","content":"\n \nRNS Number : 8731D PageGroup plc 12 July 2016 \n\n12 July 2016\n \nPageGroup\n \nSECOND QUARTER AND FIRST HALF 2016 TRADING UPDATE\n \nHighlights - in constant currencies\n· Group gross profit growth of 3.7% in line with Q1 (8.0% growth on a reported basis)\n· Strongest growth in EMEA +13.6%; Benelux +30%; Southern Europe +25%\n· UK -2.3% impacted by pre-Referendum uncertainty; Page Personnel +2%; Temporary +3%\n· Asia Pacific -3.3%; Asia -7%; Australasia +7% \n· North America -2%, weak Financial Services (\"FS\") market, ex-NYC FS +10%\n· LatAm (ex Brazil) +18%; Brazil -24%\n· Strong balance sheet, net cash c. £72m\n \nQ2 GROSS PROFIT ANALYSIS\n \n\n\n\n\n \n\n\n \n\n\nReported (£m)\n\n\nConstant\n\n\n\n\nYear-on-year \n\n\n% of Group \n\n\nQ2 2016\n\n\nQ2 2015\n\n\n%\n\n\n%\n\n\n\n\nEMEA \n\n\n43%\n\n\n67.5\n\n\n55.1\n\n\n+22.7%\n\n\n+13.6%\n\n\n\n\nUK \n\n\n24%\n\n\n38.3\n\n\n39.2\n\n\n-2.3%\n\n\n-2.3%\n\n\n\n\nAsia Pacific\n\n\n20%\n\n\n30.6\n\n\n30.2\n\n\n+1.3%\n\n\n-3.3%\n\n\n\n\nAmericas\n\n\n13%\n\n\n20.5\n\n\n20.8\n\n\n-1.5%\n\n\n-1.1%\n\n\n\n\nTotal\n\n\n100%\n\n\n156.9\n\n\n145.3\n\n\n+8.0%\n\n\n+3.7%\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nPermanent \n\n\n77%\n\n\n121.0\n\n\n113.2\n\n\n+6.9%\n\n\n+2.9%\n\n\n\n\nTemporary\n\n\n23%\n\n\n35.9\n\n\n32.1\n\n\n+11.9%\n\n\n+6.5%\n\n\n\n\n \n \nH1 GROSS PROFIT ANALYSIS\n \n\n\n\n\n \n\n\n \n\n\nReported (£m)\n\n\nConstant\n\n\n\n\nYear-on-year \n\n\n% of Group \n\n\nH1 2016\n\n\nH1 2015\n\n\n%\n\n\n%\n\n\n\n\nEMEA \n\n\n43%\n\n\n129.1\n\n\n109.1\n\n\n+18.5%\n\n\n+12.0%\n\n\n\n\nUK \n\n\n25%\n\n\n74.8\n\n\n75.7\n\n\n-1.5%\n\n\n-1.5%\n\n\n\n\nAsia Pacific\n\n\n19%\n\n\n56.5\n\n\n56.0\n\n\n+1.0%\n\n\n-2.6%\n\n\n\n\nAmericas\n\n\n13%\n\n\n38.8\n\n\n40.1\n\n\n-3.3%\n\n\n-0.8%\n\n\n\n\nTotal\n\n\n100%\n\n\n299.2\n\n\n280.9\n\n\n+6.5%\n\n\n+3.6%\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nPermanent \n\n\n76%\n\n\n228.3\n\n\n218.2\n\n\n+4.6%\n\n\n+2.0%\n\n\n\n\nTemporary\n\n\n24%\n\n\n70.9\n\n\n62.7\n\n\n+13.1%\n\n\n+9.3%\n\n\n\n\n \n \nCommenting, Steve Ingham, Chief Executive Officer sai...